On Jan 20, 2023, the Arizona Department of Water Resources released the Hassayampa Groundwater Model that showed a 4.4 million acre feet (maf) deficit of water for the projected development in the West Valley. On Jan 29, 2023 Governor Hobbs reaffirmed the report and stated the West Valley would not be able to support the … Continued
Courtney Holmes – ABC 15 – https://www.bizjournals.com/phoenix/news/2023/01/11/hobbs-far-west-valley-water-supply-not-enough.html
Delaney Nelson – Circle of Blue – https://www.circleofblue.org/the-drying-american-west/
Keith Schneider – Circle of Blue – https://www.circleofblue.org/2022/wef/arizonas-future-water-shock/
On Sept. 16, 2022, the West Valley Commercial Real Estate Group (WVCREG) addressed this with an in-depth presentation by Sarah Porter, the Director of ASU’s Kly Center for Water Policy. The presentation was not just an overview – but it highlighted the complicated nature of our water situation, the very smart and dedicated personnel that … Continued
New apartment construction – are we overbuilding? What does the future hold for metro Phoenix apartment occupancy, vacancy and rental rates? Apartment sales volume and CAP rates. Are CAP rates heading lower? The factors driving our dynamic metro Phoenix apartment market What’s driving the Downtown Phoenix apartment market?Massive new apartment constructionWhere might investors acquire land … Continued
We recently talked with Danny Brown, founder of the Myriad Real Estate Group, a highly skilled residential real estate team. Danny shares a key core principle with us; dedicate yourself to always putting the client first! That sounds like it should be obvious but it’s surprisingly not always the case in this business. On his … Continued
We’ve known Mitch Ginsberg and Eric Little with CommLoan for four years. They are quality and dedicated individuals with a great team and our agents have used CommLoan to help their clients. CommLoan collects the essential loan criteria and sends this to many possible lenders. This often creates a competition between the lenders resulting in … Continued
2021 New Metro Phoenix Apartment Construction Projected to Double In 2021 2.7% Rent Growth from Q3 2020 Metro Phoenix Apartment Vacancy at Historic Low Level (4.5%) Strong Rebound in Number of 4th Quarter Metro Phoenix Apartment Sales Enjoy your Cash Flow – Be aware of potentially adverse policies from the new administration Download The Latest … Continued
